India, Sept. 30 -- Mumbai-based consumer appliance startup EDT has raised $2.4 Mn (over Rs.23 Cr) in its pre-Series A round led by existing investor Sauce.vc, with participation from existing angel investors.

New investors that joined the round include venture debt firm Alteria Capital, Nicobar cofounder Raul Rai, Atomberg founders Shibam Das and Arindam Paul, Delhivery COO Ajith Pai and Samsonite SA CBO Anushree Tainwala.

The startup, which manufactures appliances like air fryers, kettles, dryers, etc, plans to use the funds to build its inventory ahead of an anticipated uptick in demand during the festive season. It also bids to launch new products across home, kitchen and personal care while increasing its presence across D2C, market...